Said Aikin: "America has got the equivalent of the stage three cancer of socialism because the federal government is tampering in all kinds of stuff it has no business tampering in. So first, to answer your question precisely, what the Democrats did to the private student loans and take it all over by the government was wrong, it was a lousy bill, and that's why I voted no. The government needs to get its nose out of the education business."

To be fair, the current student loan mechanism is totally abominable — it's little different than a financial slavery that targets minors. I'd rather see the student loan rate double and let people be able to declare bankrupcy to escape them, where necessary.

Ironically the student loans that are most likely to default are those to students at for profit colleges. Another fail for the "free market". Oh yeah, the GOP isn't too interested in cracking down on those, so Obama has had to go after them by executive order.

To be fair, the current student loan mechanism is totally abominable — it's little different than a financial slavery that targets minors. I'd rather see the student loan rate double and let people be able to declare bankrupcy to escape them, where necessary.

Even as someone with a relatively small amount of student loans, I agree. (Although the interest rates are insanely high anyway.)

The tuition costs ramping up so much faster than inflation, is an issue that has garnered shockingly little comment or study in the public square, and it seems close to scandalous. It would be far more productive to focus on that for awhile than all the time wasted barking at the moon at "obscene" oil company profits or whatever (which profits actually vis a vis the amount of capital invested are quite modest actually). But no - maybe it is just too abstract and complicated.